Bond coupon payments are typically credited to your Interactive Brokers (IBKR) account as follows:
- Timing of Payments:
- Payments are usually credited on the payment date specified for the bond.
- Exact timing may vary and can sometimes take longer.
- Process of Payment:
- IBKR registers bonds in "street name," meaning interest payments are made from the issuer to IBKR, who then deposits the payment into your account.
- Proceeds are credited once received from the depository/agent and verified by IBKR.
- You may see the coupon payment transaction acknowledged before the funds are actually available for use.
- Viewing Your Payment:
- The payment will be reflected in your account's cash balance and buying power once fully processed.
- It will be shown in the 'Interest' section of your account statement.
- You can find the coupon payment listed in your Activity Statement for the date in question.
- Look for an addition to your cash balance in the currency of the bond.
- Potential Delays:
- There might be a short delay between the acknowledgment of the payment and its availability in your account.
- Delays can occur if the payment date falls on a non-business day or if funds have not yet been received from the depository/agent.
- In some cases, you may receive an email notification about the interest payment's effective date which would precede its actual payment to your account.
- Delayed coupon payments will appear on your account statement for the day it was actually credited, with the payment's line item referencing the scheduled pay date.
Note
- The accrued interest reversal will appear in your account statements first, indicating that the expected cash payment is pending receipt.
- The corresponding cash payment is generally credited the same day, but should be received and deposited into your account within a few business days after the accrued interest reversal is shown.
- If you do not see an expected interest payment in your account, verify the correct payment date for your specific bond and check the subsequent days' account statements for payment. If you have not received the cash payment within a week, please submit a ticket through the Message Center under the topic ‘Products -> Bonds’ and specify the ISIN of the bond in question.